The currency pair Euro to US Dollar EUR/USD continues to trade as part of the decline. At the moment, the pair is testing the support area, we should expect a rebound attempt at 1.2020 area. In favor of the growth of the pair is the test of the support line on the indicator of relative strength index (RSI), as well as the formation of the bullish model 5-0.
EUR/USD forecast & analysis Euro Dollar on September 1, 2017
Cancellation of the variant of growth of quotations of the euro/dollar for Forex will be a decline and breakdown at the level of 1.1780, which will indicate the continuation of the fall of the pair with a potential target below 1.1650. Expect to accelerate the growth of the pair is with the breakdown of the level of 1.1910.
Among the important news from Europe and America, which can influence the exchange rate of the euro-dollar, there are: Unemployment rate, ISM production index, Change in the number of people employed in the non-agricultural sector (NON-FARM PAYROLLS), it is expected to fall from 209K to 180K, which may put pressure on the rate US Dollar.
EUR/USD forecast & analysis Euro Dollar on September 1, 2017 suggests a rebound from the level of support and continuing growth with a potential target near the level of 1.2020, in favor of the growth of the euro is the trend line test on the indicator of relative strength index (RSI), the breakdown will be a breakdown at level 1.1780.
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